Dollar Tree 2009 Annual Report Download - page 38

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Notes to Consolidated Financial Statements
Other Current Liabilities
Other฀current฀liabilities฀as฀of฀January฀30,฀2010฀and฀
January฀31,฀2009฀consist฀of฀accrued฀expenses฀for฀the฀
following:
(in millions)
January 30,
2010
January฀31,
2009
Compensation and
benets $ 71.3 $ 49.9฀
Taxes (other than income
taxes) 26.7 22.3฀
Insurance 27.4 30.3฀
Other 64.5 50.0฀
To tal other current
liabilities $ 189.9 $ 152.5฀
NOTE 3—INCOME TAXES
Total income taxes were allocated as follows:
(in millions)
Year Ended
January 30,
2010
Year฀Ended
January฀31,
฀2009฀
Year฀Ended
February฀2,
฀2008฀
Income฀from฀continuing฀operations฀ $ 187.1 $ 129.6฀ $ 118.5฀
Accumulated other comprehensive income(loss) marking derivative
nancial฀instruments฀to฀fair฀value฀ 0.1 (1.7)
—
Stockholders'฀equity,฀tax฀benet฀on฀exercises/vesting฀of฀equity฀based฀
compensation (3.9) (2.3) (13.0)
$ 183.3 $ 125.6฀ $ 105.5฀
The provision for income taxes consists of the following:
(in millions)
Year Ended
January 30,
2010
Year฀Ended
January฀31,
฀2009฀
Year฀Ended
February฀2,
฀2008฀
Federal - current $ 160.2 $ 91.9 $ 147.5฀
State - current 27.5 20.7฀ 17.8฀
Total current 187.7 112.6฀ 165.3฀
Federal - deferred (0.4) 15.4฀ (39.4)
State - deferred (0.2) 1.6฀ ( 7.4 )
Total deferred (0.6) 17.0฀ (46.8)
Provision for income taxes $ 187.1 $ 129.6฀ $ 118.5฀
Included฀in฀current฀tax฀expense฀for฀the฀years฀ended฀January฀30,฀2010฀and฀January฀31,฀2009,฀are฀amounts฀related฀
to uncertain tax positions associated with temporary differences.
Other Long-Term Liabilities
Other฀long-term฀liabilities฀as฀of฀January฀30,฀2010฀and฀
January฀31,฀2009฀consist฀of฀the฀following:
(in millions)
January 30,
2010
January฀31,
2009
Deferred฀rent $ 69.3 ฀฀$฀ 62.3฀
Insurance 38.5 31.1
Other 12.4 ฀฀ ฀ 14.5฀
To tal other long-term
liabilities $ 120.2 ฀฀$฀ 107.9฀
36฀฀฀DOLLAR฀TREE,฀INC.฀•฀2009฀Annual฀Report